Beijing Automotive Industry Holding has signaled interest for General Motors Corp.'s (GM) German Adam Opel GmbH unit, a spokesman for the German Economic Ministry told Dow Jones Newswires on Tuesday, confirming a press report BAIC made an offer.

Earlier Tuesday, daily Die Welt said BAIC made a formal offer, citing unidentified financial sources. According to the report, BAIC won't cut jobs in Germany as part of the deal, plans to keep all German plants for two years and demand less financial guarantees from the state than rival bidders. The report said BAIC is being advised by Deutsche Bank AG (DB) as well as its cooperation partner Daimler AG (DAI).

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.